Fed’s Bostic: Today’s Employment Data Will Not Change the Fed’s Decision This Week

According to Jinse Finance, Federal Reserve's Bostic stated that the employment data released today is highly significant, with substantial revisions indicating that the job market is slowing down from its previous robust levels. However, Bostic pointed out that the Fed still needs to further assess the direction of hiring trends. He believes that today's employment data will not change the Fed's decision to keep interest rates unchanged this week, and he still expects one rate cut this year. Bostic noted that the bigger risk this week lies in inflation, as inflation currently faces two-way risks—it could continue to decline or accelerate again. When discussing tariffs, Bostic said that if tariff policies ultimately have an impact, the Fed cannot ignore their effects. He added that businesses will need some time to adjust prices in response to tariff increases.